This is a political forum that is non-biased/non-partisan and treats every persons position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the FAQ and RULES. Registering for debate politics is necessary before posting. Register today to participate and remove the ads - it's free!

Re: Oil rises above $90 amid US crude supply drop

I still have yet to hear you answer my chief question USA, why are you dodging it?

What do you consider a fair profit for a corporation to make in percentage terms?

Now I have another question on this post,

How much of that $3.65 gallon of gas is actual cost of the product, and how much is tax?

j-mac

Whatever the tax is, it isn't enough. There are very few countries in the world that pay less than Americans for gasoline.
Raising the price thru taxes will likely be the only way to reduce our addiction to transportation on demand.
Instant gratification has become expected, and it is wasteful....

Re: Oil rises above $90 amid US crude supply drop

Originally Posted by UtahBill

OK, what is stopping them from exploring on their leases? And this issue of holding leases and not exploring and/or drilling is not new. It has been going on for a long time. Surely you don't think that Obama is the only obstacle for the last 10 years? Or that ALL of the leases are being held up by the current administration.
BTW, I was watching the Presidents speech on his energy policy this morning, and CNN cut it off. I had to find it on the internet to watch the rest of it.
Seems that CNN thinks there are more important, or more "entertaining" issues to spoon feed the public....

I agree, CNN and the rest of them can be real garbage from time to time. But lets take at look at what you asked me here....

OK, what is stopping them from exploring on their leases?

Permitting and regulation, as well as from what I understand possibly not a good track of land to explore.

And this issue of holding leases and not exploring and/or drilling is not new. It has been going on for a long time.

Yes it has, the EPA is a farce.

Surely you don't think that Obama is the only obstacle for the last 10 years?

No, but contrary to his words he is hampering it as much as he can now.

Or that ALL of the leases are being held up by the current administration.

He is the administration in power now, so by default at this moment he IS the one to blame.

I saw something on Discovery that was going through the process of how these leases and permitting was processed. And from what it sounded like in todays market, the Govt was granting leases which the oil companies had to pay for, on tracks of land that the Govt picked, and then made them sit on those leases while they went through the permitting process sometimes not happening until the lease was up then charging them again. What a joke.

j-mac

Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville

Re: Oil rises above $90 amid US crude supply drop

Originally Posted by Catawba

I think you just made that up. Let's see the vote on a GOP "drill baby drill" bill that the Democrats defeated in the Republican controlled congress. Link please?

On December 15, 2005 Senator Ted Stevens, a Republican from Alaska, attached an Arctic Refuge drilling amendment to the annual defense appropriations bill. A group of Democratic Senators led a successful filibuster of the bill on December 21, and the language was subsequently removed.

Re: Oil rises above $90 amid US crude supply drop

WASHINGTON — Opening an Alaska wildlife refuge to oil development would only slightly reduce America’s dependence on imports and would lower oil prices by less than 50 cents a barrel, according to an analysis released Tuesday by the Energy Department.

The report, issued by the Energy Information Administration, or EIA, said that if Congress gave the go-ahead to pump oil from Alaska’s Arctic National Wildlife Refuge, the crude could begin flowing by 2013 and reach a peak of 876,000 barrels a day by 2025.

"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

Re: Oil rises above $90 amid US crude supply drop

Now, you can attempt to explain what this remotely has to do with my post.

Good luck.

That drilling ANWR would not make any difference in the price of gas....................simple.

"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

Re: Oil rises above $90 amid US crude supply drop

What do you consider a fair profit for a corporation to make in percentage terms?

Whatever we are dumb enough to pay them without taking measures ourselves either to conserve of find an alternative.

Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb